Balancing Financial security and Bitcoin Accumulation

[Joy- maker]

If you have discretionary income, then you should never wait for an emergency fund. As you said, the emergency fund is set aside before the discretionary income. If you have created an emergency fund without really investing, then this is the wrong approach. Because if you do not already have an emergency fund, then you can create an emergency fund along with investments. If you create an emergency fund along with investments, then you are not missing out on the opportunity to buy, you are not falling behind the goal of building your portfolio. If you wait to create an emergency fund without investing, then this will be a very wrong decision for your investment.

You may be confused, discretionary income is the amount of money that we do not need very much. For example, even if this amount of money is lost, we will not suffer much loss. The amount of money that is left after deducting all your expenses is the discretionary income. If you invest with discretionary income, you do not need this amount of money very much. Discretionary income is very good for long-term investment.

If a guy is building up his emergency fund, then he is taking that money from the discretionary fund. It is money that is after the expenses have already been determined and/or removed... so yeah, all back up funds, whether emergency funds or reserve funds are built from discretionary funds.

you are correct JJG and this your explanation is very simple and very clear, for easier understanding, because alot of guys have argued this particular matter where some said emergency fund and backup fund are built  from someone main source of income and not from discretionary income which is not correct. If an investor is building up his or her emergency fund and backup fund the investor is taking the money from his or her discretionary and not from his or her main source of income, discretionary income is a leftover money after you must have settled your basic needs either for the week or for month, that's to say from your discretionary income invest in bitcoin, from discretionary income you build up your emergency fund and backup fund and not otherwise.

[Cossyblack]

What about someone that does not have a discretionary income yet the person knows how to manage his or her investment without all of that mentioned yet invest on it very well and become stable in the investment stronger and better than those that are financially stable  buoyant . when it comes to source of income been consistent in ur investment can help you reach and figure out ur goal and sustainable desires in life ur important needs and achievement.

Investing without a discretionary income is quite a tough one.  You don’t have to be financially stable before you can have a discretionary income , some folk are not that stable when come to finances but are still doing good , is all about planning. The advantage of using discretionary income is that you can hold for long without thinking of running to it whenever there is any situation that requires money . Because is money you can stay without using for long like a left over , and beside before having your discretionary income your emergency funds have already been set aside .

Investing without discretionary income will affect your aim of being consistent because is not everytime you will have money to put in your investments. And you will be. Battling with some expenses because you are using the money you are suppose to use for those expenses to invest which may lead to early withdrawal of your  investment. To be able to balance such you have to be good at planning to be able to provide a discretionary income no matter what like reducing expenditure, reducing your want and focusing more on your needs .

Honestly in the right sense, Someone that doesn't have a Discretional income shouldn't have any business with Bitcoin investment because what's is needed to accumulate bitcoin is from his discretional income. Sometimes when he gets too excited investing in Bitcoin, he may start buying bitcoin outside of his Discretional income by using funds meant for his basics needs to buy Bitcoin regularly. Offcourse when he starts buying from his main source, at this point he is not just investing wrongly but he is also gambling with his Bitcoin investment by investing directly from his main source instead from his discretional income. by buying outside of his Discretional income will make his Bitcoin investment vulnerable. Vulnerable in the sense that when personal necessities he has ignored and left unhandled start pressing hard on him,he may be forced to start selling his Bitcoin investment to cover up those expenses.

[Barikui1]

Honestly in the right sense, Someone that doesn't have a Discretional income shouldn't have any business with Bitcoin investment because what's is needed to accumulate bitcoin is from his discretional income. Sometimes when he gets too excited investing in Bitcoin, he may start buying bitcoin outside of his Discretional income by using funds meant for his basics needs to buy Bitcoin regularly. Offcourse when he starts buying from his main source, at this point he is not just investing wrongly but he is also gambling with his Bitcoin investment by investing directly from his main source instead from his discretional income. by buying outside of his Discretional income will make his Bitcoin investment vulnerable. Vulnerable in the sense that when personal necessities he has ignored and left unhandled start pressing hard on him,he may be forced to start selling his Bitcoin investment to cover up those expenses.

You are actually right bro and I also share the same sentiment here because when you invest in Bitcoin outside your discretionary income, you may have built a time bomb unknown to you, it will just be a matter of time before it blows up, and that's how your investment will be because you will surely need that money you used  in investing in Bitcoin, and when the needs arises, you may temper with it or sell everything off, so sorting out your discretionary income is the first major step needed for an investor to take, and investing only with it is the proper thing to do for your security emotionally, while investing.

[RockBell]

If you have discretionary income, then you should never wait for an emergency fund. As you said, the emergency fund is set aside before the discretionary income. If you have created an emergency fund without really investing, then this is the wrong approach. Because if you do not already have an emergency fund, then you can create an emergency fund along with investments. If you create an emergency fund along with investments, then you are not missing out on the opportunity to buy, you are not falling behind the goal of building your portfolio. If you wait to create an emergency fund without investing, then this will be a very wrong decision for your investment.

You may be confused, discretionary income is the amount of money that we do not need very much. For example, even if this amount of money is lost, we will not suffer much loss. The amount of money that is left after deducting all your expenses is the discretionary income. If you invest with discretionary income, you do not need this amount of money very much. Discretionary income is very good for long-term investment.

If a guy is building up his emergency fund, then he is taking that money from the discretionary fund. It is money that is after the expenses have already been determined and/or removed... so yeah, all back up funds, whether emergency funds or reserve funds are built from discretionary funds.

you are correct JJG and this your explanation is very simple and very clear, for easier understanding, because alot of guys have argued this particular matter where some said emergency fund and backup fund are built  from someone main source of income and not from discretionary income which is not correct. If an investor is building up his or her emergency fund and backup fund the investor is taking the money from his or her discretionary and not from his or her main source of income, discretionary income is a leftover money after you must have settled your basic needs either for the week or for month, that's to say from your discretionary income invest in bitcoin, from discretionary income you build up your emergency fund and backup fund and not otherwise.

Discretionary funds can also come from anywhere, and because they can be used for a variety of purposes, you can choose what to do with them. This makes investing more flexible for people to explore, and all of these factors will give everyone enough financial security. Therefore, everyone needs to know where their investment sources and funds for sustenance come from, as both are crucial when following the investment plan in its entirety, because people need to realize that discretionary income is also a brilliant idea. Discretionary income not only helps you build emergency funds but also investing funds.

[Joy- maker]

If you have discretionary income, then you should never wait for an emergency fund. As you said, the emergency fund is set aside before the discretionary income. If you have created an emergency fund without really investing, then this is the wrong approach. Because if you do not already have an emergency fund, then you can create an emergency fund along with investments. If you create an emergency fund along with investments, then you are not missing out on the opportunity to buy, you are not falling behind the goal of building your portfolio. If you wait to create an emergency fund without investing, then this will be a very wrong decision for your investment.

You may be confused, discretionary income is the amount of money that we do not need very much. For example, even if this amount of money is lost, we will not suffer much loss. The amount of money that is left after deducting all your expenses is the discretionary income. If you invest with discretionary income, you do not need this amount of money very much. Discretionary income is very good for long-term investment.

If a guy is building up his emergency fund, then he is taking that money from the discretionary fund. It is money that is after the expenses have already been determined and/or removed... so yeah, all back up funds, whether emergency funds or reserve funds are built from discretionary funds.

you are correct JJG and this your explanation is very simple and very clear, for easier understanding, because alot of guys have argued this particular matter where some said emergency fund and backup fund are built  from someone main source of income and not from discretionary income which is not correct. If an investor is building up his or her emergency fund and backup fund the investor is taking the money from his or her discretionary and not from his or her main source of income, discretionary income is a leftover money after you must have settled your basic needs either for the week or for month, that's to say from your discretionary income invest in bitcoin, from discretionary income you build up your emergency fund and backup fund and not otherwise.

Discretionary funds can also come from anywhere, and because they can be used for a variety of purposes, you can choose what to do with them. This makes investing more flexible for people to explore, and all of these factors will give everyone enough financial security. Therefore, everyone needs to know where their investment sources and funds for sustenance come from, as both are crucial when following the investment plan in its entirety, because people need to realize that discretionary income is also a brilliant idea. Discretionary income not only helps you build emergency funds but also investing funds.

I think you're correct here discretionary income can come from any where it must not only come from your main source of income, that's why it's refer to as a leftover money after you must have settled your basic needs and expenses either for the week or for the month or money you won't be needing anything soon. So Any other money that didn't come from your main source of income can also be refer to as discretionary income If you're not making use of them anytime soon, let's say your friend dashed you some money or you won money in gambling and you decide to invest in bitcoin that's fine since you won't be needing the money anytime soon or you can also decide to allocate the money to your emergency fund or back up fund, so at that state that money can be refer to as discretionary income. I believe JJG will throw more light on this matter for more clarification, but  I also believe that we both are on the right track.

[Bigjoe33]

If you have discretionary income, then you should never wait for an emergency fund. As you said, the emergency fund is set aside before the discretionary income. If you have created an emergency fund without really investing, then this is the wrong approach. Because if you do not already have an emergency fund, then you can create an emergency fund along with investments. If you create an emergency fund along with investments, then you are not missing out on the opportunity to buy, you are not falling behind the goal of building your portfolio. If you wait to create an emergency fund without investing, then this will be a very wrong decision for your investment.

You may be confused, discretionary income is the amount of money that we do not need very much. For example, even if this amount of money is lost, we will not suffer much loss. The amount of money that is left after deducting all your expenses is the discretionary income. If you invest with discretionary income, you do not need this amount of money very much. Discretionary income is very good for long-term investment.

If a guy is building up his emergency fund, then he is taking that money from the discretionary fund. It is money that is after the expenses have already been determined and/or removed... so yeah, all back up funds, whether emergency funds or reserve funds are built from discretionary funds.

you are correct JJG and this your explanation is very simple and very clear, for easier understanding, because alot of guys have argued this particular matter where some said emergency fund and backup fund are built  from someone main source of income and not from discretionary income which is not correct. If an investor is building up his or her emergency fund and backup fund the investor is taking the money from his or her discretionary and not from his or her main source of income, discretionary income is a leftover money after you must have settled your basic needs either for the week or for month, that's to say from your discretionary income invest in bitcoin, from discretionary income you build up your emergency fund and backup fund and not otherwise.

It's no longer news that a successful Bitcoin accumulation process hinges on your level of knowledge about Bitcoin investment and the strategy to which you should employ in investing. But majorly, your discretionary funds is the bedrock. Anyone who argued that Bitcoin accumulation is done or is best done using emergency funds or backup funds have argued wrongly, yea! It's a wrong argument because one must first meet essential needs before savings. Would you rather save and not pay rent, electricity bills, tuition fees and what have you? You must first survive before you save and invest. After taking care of all these bills when your main income comes, then the reserve now serves as discretionary funds, and it has always been the best to be used for Bitcoin accumulation, because in this situation, you invest in Bitcoin without pressure, without panic or trouble from weekly or monthly demands because you have settles all of that. And that's just the best. An investor now employs the DCA strategy in accumulation of Bitcoin and off he goes, on and on he keeps investing and creates a future for himself.

Emergency funds and backup funds comes from the discretionary. Although we know that the level or amount of discretionary funds you can have largely depends on the level of your income and responsibilities awaiting you too, because responsibilities differs. Growing your income level leads to a climb in your discretionary which positively affects your investment journey. It has always been the best to invest using the discretionary funds, this enables us invest in peace and carry out long term investment.

[DubemIfedigbo001]

Honestly in the right sense, Someone that doesn't have a Discretional income shouldn't have any business with Bitcoin investment because what's is needed to accumulate bitcoin is from his discretional income. Sometimes when he gets too excited investing in Bitcoin, he may start buying bitcoin outside of his Discretional income by using funds meant for his basics needs to buy Bitcoin regularly.

This is where good cashflow management practices and proper discipline take pre eminence. With good cashflow management practice, you'll carve out your expenses and separate it from your discretionary income and further divide your discretionary income into funds for Bitcoin accumulation and those for building backup funds. It's important to note that buying Bitcoin with funds that are not your discretionary funds can be described as being over aggressive and it's not a good Bitcoin investment practice and furthermore it's not sustainable in the long-run.

[Grace333]

When it comes to investing in Bitcoin, it is not required for the individual to wait for a steady source of income because everything is a gradual process, which is why anyone interested in investing should begin with the smallest sums amount available at the moment.  You can see from the small amount that they will grow beyond your expectations. The DCA, in particular, is the ideal approach to reach out and invest, especially in terms of long-term portfolio accumulation for a higher return on investment.

If you use the DCA method in Bitcoin, the most important thing is how consistent we are with it, even if the amount seems to be small today, it can grow into a big thing in the future. Many people believe that they must have a huge amount of money before they start, but the truth is that consistent with a small money can lead you to a strong place.

TBH, this is what a lot of people don’t get. Most times it is not about waiting till you have big capital before stepping in, it is the little steady buys that will end up surprising you years later..   There are people who only stacked small weekly amounts and now their portfolio looks heavy…

The mistake many make is thinking they need thousands of dollars before they can start, so they keep postponing.. while In reality, the consistency of showing up week after week or monthly or how your DCA plan permit, even with small amounts, beats waiting around for that perfect moment or big money….

[Finebone]

Honestly in the right sense, Someone that doesn't have a Discretional income shouldn't have any business with Bitcoin investment because what's is needed to accumulate bitcoin is from his discretional income. Sometimes when he gets too excited investing in Bitcoin, he may start buying bitcoin outside of his Discretional income by using funds meant for his basics needs to buy Bitcoin regularly.

This is where good cashflow management practices and proper discipline take pre eminence. With good cashflow management practice, you'll carve out your expenses and separate it from your discretionary income and further divide your discretionary income into funds for Bitcoin accumulation and those for building backup funds. It's important to note that buying Bitcoin with funds that are not your discretionary funds can be described as being over aggressive and it's not a good Bitcoin investment practice and furthermore it's not sustainable in the long-run.

I largely agree to what you said here with the exception of the bold words in your statement because in my own understanding, any investment made in Bitcoin outside your discretionary income is pure gambling, because it will be just be a matter of time before he tempered with his or her bitcoin investment because the money used in investing in bitcoin is meant to sort out one of his basic needs, so the right word you should be using is pure gambling not over aggressiveness, because it can never be sustained on the longer run.

[POPOLUV]

If you have discretionary income, then you should never wait for an emergency fund. As you said, the emergency fund is set aside before the discretionary income. If you have created an emergency fund without really investing, then this is the wrong approach. Because if you do not already have an emergency fund, then you can create an emergency fund along with investments. If you create an emergency fund along with investments, then you are not missing out on the opportunity to buy, you are not falling behind the goal of building your portfolio. If you wait to create an emergency fund without investing, then this will be a very wrong decision for your investment.

You may be confused, discretionary income is the amount of money that we do not need very much. For example, even if this amount of money is lost, we will not suffer much loss. The amount of money that is left after deducting all your expenses is the discretionary income. If you invest with discretionary income, you do not need this amount of money very much. Discretionary income is very good for long-term investment.

If a guy is building up his emergency fund, then he is taking that money from the discretionary fund. It is money that is after the expenses have already been determined and/or removed... so yeah, all back up funds, whether emergency funds or reserve funds are built from discretionary funds.

you are correct JJG and this your explanation is very simple and very clear, for easier understanding, because alot of guys have argued this particular matter where some said emergency fund and backup fund are built  from someone main source of income and not from discretionary income which is not correct. If an investor is building up his or her emergency fund and backup fund the investor is taking the money from his or her discretionary and not from his or her main source of income, discretionary income is a leftover money after you must have settled your basic needs either for the week or for month, that's to say from your discretionary income invest in bitcoin, from discretionary income you build up your emergency fund and backup fund and not otherwise.

Discretionary funds can also come from anywhere, and because they can be used for a variety of purposes, you can choose what to do with them. This makes investing more flexible for people to explore, and all of these factors will give everyone enough financial security. Therefore, everyone needs to know where their investment sources and funds for sustenance come from, as both are crucial when following the investment plan in its entirety, because people need to realize that discretionary income is also a brilliant idea. Discretionary income not only helps you build emergency funds but also investing funds.

I think you're correct here discretionary income can come from any where it must not only come from your main source of income, that's why it's refer to as a leftover money after you must have settled your basic needs and expenses either for the week or for the month or money you won't be needing anything soon. So Any other money that didn't come from your main source of income can also be refer to as discretionary income If you're not making use of them anytime soon, let's say your friend dashed you some money or you won money in gambling and you decide to invest in bitcoin that's fine since you won't be needing the money anytime soon or you can also decide to allocate the money to your emergency fund or back up fund, so at that state that money can be refer to as discretionary income. I believe JJG will throw more light on this matter for more clarification, but  I also believe that we both are on the right track.

you are absolutely correct that discretionary income can come from anywhere and this information of discretionary income coming from anywhere should have been what we would have known by now as investors because there are common things we as an investors should initiate within ourselves individually without  waiting for source of income before investing, if I'm not mistaken there is a day i came across in buy the dip and hodl were many investors were deliberating about selling on what can afford to buy back if don't have a discretionary income that very moment and so many investors supported the ideas that as far as sell what you can afford to buy back just to invest in Bitcoin that it is not a bad idea, so from there i knew that a discretionary income can from were with waiting for source of income, so i really appreciate when you said sir JJG will definitely contribute more on this because he is more of a mentor to us.

[MainIbem]

TBH, this is what a lot of people don’t get. Most times it is not about waiting till you have big capital before stepping in, it is the little steady buys that will end up surprising you years later..   There are people who only stacked small weekly amounts and now their portfolio looks heavy…

In other words it doesn't matter how wealthy or not one is so far you can generate an income from your discretionary you can buy periodically and be consistent about it, waiting for big capital could make one miss lots of opportunities. For instance, while the person is busy waiting to generate more money to buy in bulk, the price of Bitcoin might elevate from the figure it is currently to 150k and you might still be waiting and hoping to get more cash then see it get to $200k, so buying in bits and watching your investment gradually grow while you can still try to generate more income to increase your level of accumulation is the best approach for low income earners.

[icebar]

When it comes to investing in Bitcoin, it is not required for the individual to wait for a steady source of income because everything is a gradual process, which is why anyone interested in investing should begin with the smallest sums amount available at the moment.  You can see from the small amount that they will grow beyond your expectations. The DCA, in particular, is the ideal approach to reach out and invest, especially in terms of long-term portfolio accumulation for a higher return on investment.

If you use the DCA method in Bitcoin, the most important thing is how consistent we are with it, even if the amount seems to be small today, it can grow into a big thing in the future. Many people believe that they must have a huge amount of money before they start, but the truth is that consistent with a small money can lead you to a strong place.

TBH, this is what a lot of people don’t get. Most times it is not about waiting till you have big capital before stepping in, it is the little steady buys that will end up surprising you years later..

It is not good to think of investing in Bitcoin after increasing the investment amount. The current price of Bitcoin and the price after a few years will not be at the same level. If the price of Bitcoin increases over time, then those who want to invest in Bitcoin late will not be able to increase the amount of Bitcoin even if their investment is high because the price of Bitcoin will continue to increase further at that time. The investor will definitely have to face losses. Moreover, when money is collected for a large investment, for some reason, it may not be invested in Bitcoin. An investor will be completely lost. Therefore, if you do not think much and regularly follow DCA by giving a prudent portion of your discretionary income and hold Bitcoin, it will definitely help the investor create large assets in the long run.

[GIF-JOBS]

TBH, this is what a lot of people don’t get. Most times it is not about waiting till you have big capital before stepping in, it is the little steady buys that will end up surprising you years later..   There are people who only stacked small weekly amounts and now their portfolio looks heavy…

In other words it doesn't matter how wealthy or not one is so far you can generate an income from your discretionary you can buy periodically and be consistent about it, waiting for big capital could make one miss lots of opportunities. For instance, while the person is busy waiting to generate more money to buy in bulk, the price of Bitcoin might elevate from the figure it is currently to 150k and you might still be waiting and hoping to get more cash then see it get to $200k, so buying in bits and watching your investment gradually grow while you can still try to generate more income to increase your level of accumulation is the best approach for low income earners.

These waiting things should not be done, waiting for large capital to invest or waiting for the price of Bitcoin to fall to invest is actually the wrong decision. There will be no waiting in Bitcoin investment, you just have to buy consistently, you can't think about the price of Bitcoin and you can't think about the amount of investment, no matter what the price of Bitcoin is and no matter what your investment amount is, you just have to buy with your eyes closed, the right decision is to buy consistently by overcoming all kinds of obstacles, keep buying Bitcoin consistently using DCA and keep depositing Bitcoin, don't let anything hinder your investment, create the right mindset and refrain from worrying about unnecessary things and hindering your investment, then the chances of future success will be very high.

[Loyang]

If you have discretionary income, then you should never wait for an emergency fund. As you said, the emergency fund is set aside before the discretionary income. If you have created an emergency fund without really investing, then this is the wrong approach. Because if you do not already have an emergency fund, then you can create an emergency fund along with investments. If you create an emergency fund along with investments, then you are not missing out on the opportunity to buy, you are not falling behind the goal of building your portfolio. If you wait to create an emergency fund without investing, then this will be a very wrong decision for your investment.

You may be confused, discretionary income is the amount of money that we do not need very much. For example, even if this amount of money is lost, we will not suffer much loss. The amount of money that is left after deducting all your expenses is the discretionary income. If you invest with discretionary income, you do not need this amount of money very much. Discretionary income is very good for long-term investment.

If a guy is building up his emergency fund, then he is taking that money from the discretionary fund. It is money that is after the expenses have already been determined and/or removed... so yeah, all back up funds, whether emergency funds or reserve funds are built from discretionary funds.

Sir, I got the right information from you. I was very confused about this issue. Because I have seen many people creating an emergency fund with their main income and many people creating an emergency fund with discretionary income. Whenever I tried to ask someone, everyone gave different advice, due to which I was very confused about this issue.

If a person creates an emergency fund with discretionary income, then it will be very good for them in creating an emergency fund. Because they will not have any kind of exclusion in creating an emergency fund. If a person invests with his main income, then sometimes there may be a financial crisis for family expenses or all the other expenses, due to which the continuity of creating an emergency fund may be lost. So whether it is our emergency fund or any other fund, it is better for us to create it with discretionary income.

[Bigjoe33]

TBH, this is what a lot of people don’t get. Most times it is not about waiting till you have big capital before stepping in, it is the little steady buys that will end up surprising you years later..   There are people who only stacked small weekly amounts and now their portfolio looks heavy…

In other words it doesn't matter how wealthy or not one is so far you can generate an income from your discretionary you can buy periodically and be consistent about it, waiting for big capital could make one miss lots of opportunities. For instance, while the person is busy waiting to generate more money to buy in bulk, the price of Bitcoin might elevate from the figure it is currently to 150k and you might still be waiting and hoping to get more cash then see it get to $200k, so buying in bits and watching your investment gradually grow while you can still try to generate more income to increase your level of accumulation is the best approach for low income earners.

That's it. Waiting to gather much more or better capital before investing in Bitcoin can be termed as "procrastination in investment', and it's actually detrimental. We all know the price of Bitcoin is not promised and assured. It's always on the move, either upwards or opposite. If a low income earner keeps waiting to acquire something tangible before starting his Bitcoin accumulation process, am afraid such a person will or may never start. Using the DCA as opined is always the best. Invest bit by bit, watch it grow. Keep gathering, keep investing with the little you have. In years, you would have accumulated something tangible that you wouldn't have been able to keep before you started your investment journey.. slow and steady they say, wins the race

[Makus]

TBH, this is what a lot of people don’t get. Most times it is not about waiting till you have big capital before stepping in, it is the little steady buys that will end up surprising you years later..   There are people who only stacked small weekly amounts and now their portfolio looks heavy…

In other words it doesn't matter how wealthy or not one is so far you can generate an income from your discretionary you can buy periodically and be consistent about it, waiting for big capital could make one miss lots of opportunities. For instance, while the person is busy waiting to generate more money to buy in bulk, the price of Bitcoin might elevate from the figure it is currently to 150k and you might still be waiting and hoping to get more cash then see it get to $200k, so buying in bits and watching your investment gradually grow while you can still try to generate more income to increase your level of accumulation is the best approach for low income earners.

Yes you can buy periodically  but it doesn't  have to consistent as most people may not be earning a consistent amount at a given time like monthly salary  or weekly  salary. Some people get paid only when they offer services and due to their line of work, they only get called when customers need their attention. Let's  take for instance a plumber, but the beautiful part is irrespective of the nature of their job if they get some leftovers after meeting up the serious needs they could divert some to their bitcoin portfolio while building an emergency fund alongside.  Because people with jobs like this need a backup fund or emergency fund more since they're not certain when next they'll be getting a business next. Also there are times where they get series or work within a short distanced period, if all necessary need has been met perhaps they could focus more in building their emergency fund rather than going aggressive. When they've completed an emergency worth at least 3 months of spending, then it would be wise to also up the game with their bitcoin accumulation.

[Proty]

TBH, this is what a lot of people don’t get. Most times it is not about waiting till you have big capital before stepping in, it is the little steady buys that will end up surprising you years later..   There are people who only stacked small weekly amounts and now their portfolio looks heavy…

In other words it doesn't matter how wealthy or not one is so far you can generate an income from your discretionary you can buy periodically and be consistent about it, waiting for big capital could make one miss lots of opportunities. For instance, while the person is busy waiting to generate more money to buy in bulk, the price of Bitcoin might elevate from the figure it is currently to 150k and you might still be waiting and hoping to get more cash then see it get to $200k, so buying in bits and watching your investment gradually grow while you can still try to generate more income to increase your level of accumulation is the best approach for low income earners.

These waiting things should not be done, waiting for large capital to invest or waiting for the price of Bitcoin to fall to invest is actually the wrong decision. There will be no waiting in Bitcoin investment, you just have to buy consistently, you can't think about the price of Bitcoin and you can't think about the amount of investment, no matter what the price of Bitcoin is and no matter what your investment amount is, you just have to buy with your eyes closed, the right decision is to buy consistently by overcoming all kinds of obstacles, keep buying Bitcoin consistently using DCA and keep depositing Bitcoin, don't let anything hinder your investment, create the right mindset and refrain from worrying about unnecessary things and hindering your investment, then the chances of future success will be very high.

As a no coiner or low coiner it is very wrong to be waiting for bitcoin to dip before starting to buy bitcoin. The main focus of an investor with low coins or no coins at all should be mostly on continuous, persistent and aggressive The main reason why most investors prioritise waiting for bitcoin to dip is majorly because they fail to understand what bitcoin is, especially for new or low coiner. An investor who has been being dcaing for years and at the same time while saving up money for buying the dips whenever it occurs. For such investors it is not really a bad idea however for no coiner or low coiner that is supposed to be aggressive with buying of bitcoin to be waiting for dip is very wrong since this will impede then from not being able to have a good portfolio in bitcoin.

[Mr Reporter]

What about someone that does not have a discretionary income yet the person knows how to manage his or her investment without all of that mentioned yet invest on it very well and become stable in the investment stronger and better than those that are financially stable  buoyant . when it comes to source of income been consistent in ur investment can help you reach and figure out ur goal and sustainable desires in life ur important needs and achievement.

Investing without a discretionary income is quite a tough one.  You don’t have to be financially stable before you can have a discretionary income , some folk are not that stable when come to finances but are still doing good , is all about planning. The advantage of using discretionary income is that you can hold for long without thinking of running to it whenever there is any situation that requires money . Because is money you can stay without using for long like a left over , and beside before having your discretionary income your emergency funds have already been set aside .

Investing without discretionary income will affect your aim of being consistent because is not everytime you will have money to put in your investments. And you will be. Battling with some expenses because you are using the money you are suppose to use for those expenses to invest which may lead to early withdrawal of your  investment. To be able to balance such you have to be good at planning to be able to provide a discretionary income no matter what like reducing expenditure, reducing your want and focusing more on your needs .

Honestly in the right sense, Someone that doesn't have a Discretional income shouldn't have any business with Bitcoin investment because what's is needed to accumulate bitcoin is from his discretional income. Sometimes when he gets too excited investing in Bitcoin, he may start buying bitcoin outside of his Discretional income by using funds meant for his basics needs to buy Bitcoin regularly. Offcourse when he starts buying from his main source, at this point he is not just investing wrongly but he is also gambling with his Bitcoin investment by investing directly from his main source instead from his discretional income. by buying outside of his Discretional income will make his Bitcoin investment vulnerable. Vulnerable in the sense that when personal necessities he has ignored and left unhandled start pressing hard on him,he may be forced to start selling his Bitcoin investment to cover up those expenses.

I think now I see why it's very important to invest irresponsibly and to have a well-balanced discretionary income for Bitcoin investment, which this has caused many investors to lose Bitcoin by making use of funds meant for basic needs to invest in Bitcoin, which has led many investors to find themselves in financial difficulties and be mostly forced to sell their Bitcoin investment at an unfavourable time. This is what I most always tell myself, as a Bitcoin investor: investing in Bitcoin should really be done irresponsibly, prioritising essential expenses and using only discretionary income.

[JayJuanGee]

If you have discretionary income, then you should never wait for an emergency fund. As you said, the emergency fund is set aside before the discretionary income. If you have created an emergency fund without really investing, then this is the wrong approach. Because if you do not already have an emergency fund, then you can create an emergency fund along with investments. If you create an emergency fund along with investments, then you are not missing out on the opportunity to buy, you are not falling behind the goal of building your portfolio. If you wait to create an emergency fund without investing, then this will be a very wrong decision for your investment.

You may be confused, discretionary income is the amount of money that we do not need very much. For example, even if this amount of money is lost, we will not suffer much loss. The amount of money that is left after deducting all your expenses is the discretionary income. If you invest with discretionary income, you do not need this amount of money very much. Discretionary income is very good for long-term investment.

If a guy is building up his emergency fund, then he is taking that money from the discretionary fund. It is money that is after the expenses have already been determined and/or removed... so yeah, all back up funds, whether emergency funds or reserve funds are built from discretionary funds.

you are correct JJG and this your explanation is very simple and very clear, for easier understanding, because alot of guys have argued this particular matter where some said emergency fund and backup fund are built  from someone main source of income and not from discretionary income which is not correct. If an investor is building up his or her emergency fund and backup fund the investor is taking the money from his or her discretionary and not from his or her main source of income, discretionary income is a leftover money after you must have settled your basic needs either for the week or for month, that's to say from your discretionary income invest in bitcoin, from discretionary income you build up your emergency fund and backup fund and not otherwise.

Discretionary funds can also come from anywhere, and because they can be used for a variety of purposes, you can choose what to do with them. This makes investing more flexible for people to explore, and all of these factors will give everyone enough financial security. Therefore, everyone needs to know where their investment sources and funds for sustenance come from, as both are crucial when following the investment plan in its entirety, because people need to realize that discretionary income is also a brilliant idea. Discretionary income not only helps you build emergency funds but also investing funds.

I think you're correct here discretionary income can come from any where it must not only come from your main source of income, that's why it's refer to as a leftover money after you must have settled your basic needs and expenses either for the week or for the month or money you won't be needing anything soon. So Any other money that didn't come from your main source of income can also be refer to as discretionary income If you're not making use of them anytime soon, let's say your friend dashed you some money or you won money in gambling and you decide to invest in bitcoin that's fine since you won't be needing the money anytime soon or you can also decide to allocate the money to your emergency fund or back up fund, so at that state that money can be refer to as discretionary income. I believe JJG will throw more light on this matter for more clarification, but  I also believe that we both are on the right track.

you are absolutely correct that discretionary income can come from anywhere and this information of discretionary income coming from anywhere should have been what we would have known by now as investors because there are common things we as an investors should initiate within ourselves individually without  waiting for source of income before investing, if I'm not mistaken there is a day i came across in buy the dip and hodl were many investors were deliberating about selling on what can afford to buy back if don't have a discretionary income that very moment and so many investors supported the ideas that as far as sell what you can afford to buy back just to invest in Bitcoin that it is not a bad idea, so from there i knew that a discretionary income can from were with waiting for source of income, so i really appreciate when you said sir JJG will definitely contribute more on this because he is more of a mentor to us.

I am not really sure what extra clarification that I should make, since we regularly talk about how we are attempting to only invest from our discretionary income (funds), yet sometimes it might be unclear how much we might be able to invest because our income and/or expenses might be irregular, so usually the more irregular our income and/or expense, then the more likely we are going to need to keep higher levels of back up funds, and so even if we might want to be as aggressive as we are able to be without overdoing it, then we are in more danger of overdoing it if we are either not clear about our income and/or expenses  and/or if we do not have enough back up funds..

Sometimes if we are maintaining enough back up funds, then we still might be able to invest in bitcoin even when we do not know our exact future income and/or expenses, yet there comes a greater urgency to shore up our income and/or expenses the more that we deplete our back up funds, and then we might run risks of either no longer being able to invest in bitcoin through weekly buys or worse that we would deplete our back up funds and have no other places that we can tap into except for our bitcoin... which is not a good place to be and the longer that we are investing in bitcoin and building and strengthening our cashflow management systems/practices, the more likely we should be able to have developed several cushions so that we will not have to tap into any of our bitcoin until we have reached overaccumulation status.... .  We may have a period of accumulating bitcoin, yet there may be a transitionary period where we are not really accumulating more bitcoin yet we are not selling any either.. so we could spend 1-4 years or more in a kind of transitionary phase before we might enter our stage of sustainably withdrawing bitcoin based on price-based withdrawals or based on time-based withdrawals.

When it comes to investing in Bitcoin, it is not required for the individual to wait for a steady source of income because everything is a gradual process, which is why anyone interested in investing should begin with the smallest sums amount available at the moment.  You can see from the small amount that they will grow beyond your expectations. The DCA, in particular, is the ideal approach to reach out and invest, especially in terms of long-term portfolio accumulation for a higher return on investment.

If you use the DCA method in Bitcoin, the most important thing is how consistent we are with it, even if the amount seems to be small today, it can grow into a big thing in the future. Many people believe that they must have a huge amount of money before they start, but the truth is that consistent with a small money can lead you to a strong place.

TBH, this is what a lot of people don’t get. Most times it is not about waiting till you have big capital before stepping in, it is the little steady buys that will end up surprising you years later..

It is not good to think of investing in Bitcoin after increasing the investment amount. The current price of Bitcoin and the price after a few years will not be at the same level. If the price of Bitcoin increases over time, then those who want to invest in Bitcoin late will not be able to increase the amount of Bitcoin even if their investment is high because the price of Bitcoin will continue to increase further at that time. The investor will definitely have to face losses. Moreover, when money is collected for a large investment, for some reason, it may not be invested in Bitcoin. An investor will be completely lost. Therefore, if you do not think much and regularly follow DCA by giving a prudent portion of your discretionary income and hold Bitcoin, it will definitely help the investor create large assets in the long run.

If right now I can get right around 885 satoshis for every dollar, then maybe in 5 or 10 years, I am only able to get round 80 satoshis per dollar. which largely means that the BTC price had gone up more than 10x in terms of dollars, yet people will likely have to buy their satoshis at whatever is the future price, and they still may anticipate that in the future (in the next 3-ish years), they might only be able to get 40 satoshis per dollar.  There is always some speculation about future price as compared to present price and there are always chances that the price could go up or go down, yet I would imagine that based on bitcoin design dynamics that bitcoin prices are going to ongoingly be inclined towards going upwardly, even though for sure there will continue to be upward and downward BTC price moves, with an overall trend of ongoing upwards BTC price trends.

If you have discretionary income, then you should never wait for an emergency fund. As you said, the emergency fund is set aside before the discretionary income. If you have created an emergency fund without really investing, then this is the wrong approach. Because if you do not already have an emergency fund, then you can create an emergency fund along with investments. If you create an emergency fund along with investments, then you are not missing out on the opportunity to buy, you are not falling behind the goal of building your portfolio. If you wait to create an emergency fund without investing, then this will be a very wrong decision for your investment.

You may be confused, discretionary income is the amount of money that we do not need very much. For example, even if this amount of money is lost, we will not suffer much loss. The amount of money that is left after deducting all your expenses is the discretionary income. If you invest with discretionary income, you do not need this amount of money very much. Discretionary income is very good for long-term investment.

If a guy is building up his emergency fund, then he is taking that money from the discretionary fund. It is money that is after the expenses have already been determined and/or removed... so yeah, all back up funds, whether emergency funds or reserve funds are built from discretionary funds.

Sir, I got the right information from you. I was very confused about this issue. Because I have seen many people creating an emergency fund with their main income and many people creating an emergency fund with discretionary income. Whenever I tried to ask someone, everyone gave different advice, due to which I was very confused about this issue.

If a person creates an emergency fund with discretionary income, then it will be very good for them in creating an emergency fund. Because they will not have any kind of exclusion in creating an emergency fund. If a person invests with his main income, then sometimes there may be a financial crisis for family expenses or all the other expenses, due to which the continuity of creating an emergency fund may be lost. So whether it is our emergency fund or any other fund, it is better for us to create it with discretionary income.

If we end up spending our income prior to accounting for expenses, then when we have expenses that are due, we either have to spend from our back up funds or we have to spend from our bitcoin, and so we are trying to prevent situations in which we will have to spend from our bitcoin at a time that is not completely of our own choosing, and so we sometimes could make mistakes which provides greater justification to have various back up funds.

It also can take us a while to build up our bitcoin investment and our back up funds.  I personally suggest to try to build them up together until the both get to be 3 months of your expenses, then after that you don't necessarily need to have emergency funds that are more than 3 months of your expenses, yet if you are in a situation where you are frequently tapping into your emergency funds, then you have to build them back up, which might hinder your progress in your being able to invest into bitcoin.

The longer that we are in bitcoin and also strengthening our cash flow practices, then it would seem the less likely that we are going to make as many mistakes, since hopefully we are learning how to make sure that we are not running out of funds or unnecessarily putting ourselves in stressful situations.  Some people are challenged in managing their finances, so they are likely to have more difficulties and/or even to mess up their bitcoin investment... We usually are wanting to impose limitations on ourselves in order to help our own financial and/or psychological situation and likely to keep enough cash cushions that we are not putting ourselves into stress and/or emergency situations.

Sometimes we might have to purposefully look for opportunities and ways to increase our income and/or to cut our expenses, so that we will have more funds to invest in bitcoin and hopefully also allowing the creation of cushions so that we do not overdo our spending based on our income.

[SuperBitMan]

If you have discretionary income, then you should never wait for an emergency fund. As you said, the emergency fund is set aside before the discretionary income. If you have created an emergency fund without really investing, then this is the wrong approach. Because if you do not already have an emergency fund, then you can create an emergency fund along with investments. If you create an emergency fund along with investments, then you are not missing out on the opportunity to buy, you are not falling behind the goal of building your portfolio. If you wait to create an emergency fund without investing, then this will be a very wrong decision for your investment.

You may be confused, discretionary income is the amount of money that we do not need very much. For example, even if this amount of money is lost, we will not suffer much loss. The amount of money that is left after deducting all your expenses is the discretionary income. If you invest with discretionary income, you do not need this amount of money very much. Discretionary income is very good for long-term investment.

If a guy is building up his emergency fund, then he is taking that money from the discretionary fund. It is money that is after the expenses have already been determined and/or removed... so yeah, all back up funds, whether emergency funds or reserve funds are built from discretionary funds.

Sir, I got the right information from you. I was very confused about this issue. Because I have seen many people creating an emergency fund with their main income and many people creating an emergency fund with discretionary income. Whenever I tried to ask someone, everyone gave different advice, due to which I was very confused about this issue.

If a person creates an emergency fund with discretionary income, then it will be very good for them in creating an emergency fund. Because they will not have any kind of exclusion in creating an emergency fund. If a person invests with his main income, then sometimes there may be a financial crisis for family expenses or all the other expenses, due to which the continuity of creating an emergency fund may be lost. So whether it is our emergency fund or any other fund, it is better for us to create it with discretionary income.

If we end up spending our income prior to accounting for expenses, then when we have expenses that are due, we either have to spend from our back up funds or we have to spend from our bitcoin, and so we are trying to prevent situations in which we will have to spend from our bitcoin at a time that is not completely of our own choosing, and so we sometimes could make mistakes which provides greater justification to have various back up funds.

You are correct JJG, the right thing to do is to always account for your expenses for that week or month and it should be based if you receive salary weekly or monthly and it should be within that space that you receive salary, sometimes you may get paid and immediately you start spending and you may even forget the most essential things needed so it is advised that before the due date that you will receive your salary you write down the things you need to spend the money on and how much will be lift from your salary as your discretionary income, any other emergency expenses that comes later you can use your reserve funds to settle it and that is why it is very important to have your backup funds which are your emergency, reserve and float funds and how strong they are determine how fast you will be in your accumulation journey because they help prevent you from dipping hands into your Bitcoin investment and also help you use your discretionary income for accumulation because when you have solved all your expenses for that week or month and emergency expenses that comes up can be solved or settled with any of your backup funds instead of using your discretionary income.